Domestic Tourism Will Continue to Play a Significant Role in the Recovery — TBC Capital
Market · 13 December 2021 · 2 min

Domestic Tourism Will Continue to Play a Significant Role in the Recovery — TBC Capital

TBC Capital's report finds that tourism revenue recovery is outpacing the recovery in visit numbers, with domestic tourism driving occupancy outside Tbilisi.

In 2022, domestic tourism will continue to play a significant role in the recovery. Tourism recovery will depend on how the world handles the pandemic. New strains, uneven vaccination and complex travel restrictions will negatively impact the overall restart, according to the report published by TBC Capital.

Georgia saw an important increase in domestic tourism in 2021. The country is expected to follow the world trend and rely on domestic tourism in the short term.

The insights gained from the analysis of domestic tourism indicate that short distances to domestic destinations from major cities and relatively well developed leisure infrastructure are strong drivers of demand. Kakheti will continue to benefit from domestic demand, whereas more remote destinations with less concentration of hotels and touristic infrastructure will have to get creative to attract visitors.

In 2021, domestic tourists were responsible for almost 70% of the occupancy reached by hotels outside Tbilisi. In Q2 2021, the average number of monthly domestic visits increased by 27.3% compared to the same period of 2019.

The average number of nights spent by domestic tourists more than doubled in Q2 2020 compared to Q2 2019, whereas in Q2 2021 it decreased by 32% compared to Q2 2020 and stood at 1.78 nights.

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